Just had this written by AI (because it's more informed than I am 😅), and it really puts things into perspective:
Stock Market Volatility: Recent market downturns show how trade tensions and protectionist policies can shake investor confidence—just like they did during the early stages of the Great Depression.
Global Retaliation: Trump's tariffs triggered countermeasures from other nations, disrupting supply chains and raising costs—mirroring the global fallout from the 1930 Smoot-Hawley Tariff Act.
Isolationist Risk: The “America First” approach may lead to long-term economic isolation, much like the inward turn during the Depression that slowed international recovery.
Short-Term Gains vs. Long-Term Pain: While some industries saw short-term protection, the broader economy faces inflation, reduced exports, and weakened international ties—just like in the 1930s.
Long-Term Drag: Continued protectionism risks stalling innovation, reducing global competitiveness, and diminishing the U.S.'s leadership in world trade.
Thought it was a pretty sharp comparison—curious what others here think?